Most countries of the world, including Iraq, have paid great attention to the issue of foreign investment to achieve sustainable development as a guarantee of continuous and effective development of human life, which requires the Iraqi legislator to develop integrated laws and policies that will enhance the process of achieving these goals and preserving and managing natural resources in a way It serves the development process, changing production patterns and unsustainable behavior, and reducing bureaucracy in the administration to attract external sources of funding represented by foreign investors and cross-border trade, which is the most important way to advance the local economy, which in turn will positively reflect on improving living standards and creating job opportunities.